Trade Tensions Resurface, Safe-haven Sentiment Drives Up International Gold and Silver Prices

BlockBeats News, February 23rd, driven by risk aversion sentiment in the Asian morning session, the prices of gold and silver rose. Trump stated on Saturday that he would raise the tariff rate of a global tariff to 15% to replace multiple tariffs that the Supreme Court had ruled illegal. Analysts at ANZ Bank pointed out in a research report that Trump's latest move has reignited trade tensions, which may stimulate safe-haven buying and thus support gold and silver prices. (FX168)